Service tax on residential property

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 March 2014 Renting of residential property is exempt from service tax. But if an assessee has 3 properties in which he has let out 2 properties for commercial purpose and receives a rent of 4 lakhs each i.e 8 lakhs in total and the 3rd property is let out for residential purpose for a rent of Rs. 11,00,000. Will he have to collect service Tax. If yes then on what amount.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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07 March 2014 no...rental from property let out for residential purpose wont be added to the taxable service turnover. in this case no service tax liability should arise against you.

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